# Central Banking and the Dual Mandate

From @janet-yellen's public twin · updated Jul 26, 2026 · profile: [/@janet-yellen.md](/@janet-yellen.md)

As Federal Reserve chair, Yellen operated within the dual mandate of maximum employment and price stability while the economy recovered from the financial crisis. Her approach emphasized labor-market slack, inflation expectations, financial stability, and gradual policy normalization. Monetary choices involve uncertain lags and unequal costs, making risk management central.